Based on the last 12 Balance of Trade events in Canada, we could see a $980 movement on NZDUSD within the next 48 hours. NZDUSD could trend upwards for the next 48 hours because the released value is < C$-0.8B Historical events that allowed us to draw this conclusion
05 Nov 13:30 |
04 Sep 12:30 |
03 Jul 12:30 |
02 May 12:30 |
07 Feb 13:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
